CrossCurve’s Innovative Solution for Consolidating Fragmented Liquidity in DeFi
Liquidity has challenged decentralized finance since its very earliest days. Today, liquidity is fragmented across multiple protocols, platforms, and liquidity pools.
For traders, fragmentation increases the risk of price slippage. For liquidity providers, fragmentation means lower capital efficiency and lower returns. For everyone, a lack of interoperability increases the complexity of DeFi, raising barriers to participation.
Fragmentation means that absolutely everyone gets a raw deal. Solving the issue is the Holy Grail of decentralized finance – the ultimate prize.
CrossCurve unifies liquidity
Enter CrossCurve, the game changer that ends fragmented liquidity. CrossCurve enables low-slippage cross-chain swaps of any asset type, from stablecoins to liquidity provider tokens, and liquid staking tokens, supported by Curve’s deep liquidity in the billions of dollars.
CrossCurve, a cross-chain trading and yield protocol, is the product of a partnership between EYWA and Curve. CrossCurve reshapes the DeFi landscape, taking all the pain and hassle out of cross-chain transfers. It is a unified, one-stop-shop solution.
CrossCurve connects Ethereum, Optimism, Arbitrum, BSC, Polygon, and Avalanche under one roof. A simple and intuitive interface harnesses unparalleled power in the DeFi market, with slippages to rival centralized exchanges.
CrossCurve will undoubtedly please experienced users who are all too aware of the sector’s challenges.
From magic to reality with Curve’s founder investment
The partnership between EYWA and Curve came after the former caught the attention of Curve’s founder and CEO, Michael Egorov. Egorov was so impressed by EYWA’s work he became the lead investor in the project. Egorov led a successful $5 million funding round that also featured other notable backers including Big Brain Holdings, Mulana Capital, and Mapleblock Capital.
As Egorov explained, the decision to invest was an easy one given the potential of CrossCurve.
“EYWA builds a very interesting solution: it’s not just your typical bridge. They solve the problem of liquidity fragmentation between chains by creatively composing Curve meta pools and the actual bridge. Having one liquidity pool working across multiple chains sounds like magic, and it is exciting to have Curve AMMs in the core of this magic.”
And though EYWA’s solution may seem like magic, Egorov is clearly a believer. The possibilities of unifying the DeFi market are just too compelling to pass over.
Pioneering Change in DeFi with Cross-Chain
Through collaboration with Curve and EYWA, CrossCurve is poised to revolutionize the DeFi sector. This “magic” solution means big changes are coming to decentralized finance.
For traders, CrossCurve offers increased capital efficiency and low cross-chain slippages, even when dealing with large volumes. Slippages are further reduced by CrossCurve’s unique architecture, which improves liquidity utilization.
CrossCurve facilitates the migration of liquidity without impermanent loss, maximizing yields for liquidity providers. CrossCurve cuts costs for projects too, allowing ultra-fast scaling and growth. Its introduction will also represent a paradigm shift for Web3 projects. With it they can create cross-chain listings and their own liquidity pools, accessing the maximum number of users and the maximum liquidity possible from the market.
Web3 projects that list their token against crvUSD/Stables/WBTC/WETH/Curve LPs can receive yield from CrossCurve, Curve, and Convex.
At every corner of the market, for every kind of user, the benefits of CrossCurve are clear. Finally, the fragmentation of decentralized finance will end.